ECOA and Regulation B limit the type of data which may be required of candidates during a software for credit.

ECOA and Regulation B limit the type of data which may be required of candidates during a software for credit.

Equal Credit Opportunity Act/ Regulation B Illegal discrimination may possibly occur whenever a bank https://badcreditloans4all.com/payday-loans-ky/sharpsburg/ has both payday as well as other short-term financing programs that function considerably various interest rate or prices structures. Examiners should figure out to who these products are marketed, and how the prices or costs for every single system are set, and whether there is certainly proof of possible discrimination. Continue reading “ECOA and Regulation B limit the type of data which may be required of candidates during a software for credit.”